Group 1 - The fund name is "Southern Ruijing Mixed Securities Investment Fund" with A and C class shares [11] - The fund is a mixed-type open-ended securities investment fund [12] - The fund's initial share value is set at 1.00 RMB [13] Group 2 - The fundraising period is from August 25, 2025, to September 12, 2025 [5][16] - The minimum subscription amount for both initial and additional subscriptions is 1 RMB [6] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [5][14] Group 3 - The fund management company is Southern Fund Management Co., Ltd. [55] - The fund custodian is Industrial and Commercial Bank of China [57] - The fund will be sold through various sales institutions including banks and securities firms [15] Group 4 - The subscription fee for A class shares is up to 1.2%, decreasing with larger subscription amounts, while C class shares have no subscription fee [19] - The fund allows multiple subscriptions during the fundraising period, and once confirmed, subscriptions cannot be revoked [24] - Interest generated from valid subscription funds during the fundraising period will be converted into fund shares for the holders [52] Group 5 - The fund will be subject to a verification process to ensure it meets the conditions for registration, including a minimum of 200 investors and a total fundraising amount of at least 200 million RMB [16][53] - If the fundraising conditions are not met, the fund management will return the funds to investors with interest [54]

离任基金经理王剑在管期间，申万菱信量化小盘股票(LOF)任职总回报6.12%，任职年化回报1.36%，同 类排名168/548。申万菱信智能生活量化选股混合型发起式任职总回报44.77%，任职年化回报16.67%， 同类排名118/3512。申万菱信沪深300优选指数增强发起式任职总回报6.06%，任职年化回报2.27%，同 类排名292/357。 夏祥全拥有14年证券及投资管理经验，2011年起从事金融相关工作，曾任职于上海申银万国证券研究 所、上海保银投资管理有限公司、上海证源资产管理有限公司等。2020年03月加入申万菱信基金，现任 基金经理。 8月11日，申万菱信基金发布三篇公告，申万菱信量化小盘股票(LOF)、申万菱信智能生活量化选股混 合型发起式、申万菱信沪深300优选指数增强发起式同时增聘夏祥全，任职日期为2025年8月11日。 ...

Group 1 - The company has entered into a limited partnership agreement with Prime Gain and Jinluo Assets Management Limited to operate and manage a fund, with the company committing to invest HKD 50 million as a limited partner [1] - The fund, Jinluo Huixin LPF, is registered in Hong Kong and is currently in the fundraising stage, with no business activities or financial data available as of the announcement date [1] - This investment is part of the company's strategy to optimize capital allocation and enhance returns on idle cash reserves, aiming for better return potential while maintaining flexibility for other investment opportunities [2] Group 2 - The company will not have control over the fund and will not participate in daily management, relying instead on the expertise of the general partner and investment manager for investment selection and oversight [2]

Group 1 - Baosteel Co., Ltd. experienced a significant stock decline of 2.14% on August 11, 2023 [1] - The company, established in 2000 and located in Shanghai, primarily engages in the smelting and rolling of ferrous metals, with a registered capital of approximately 22.26 billion RMB [1] - Huatai-PineBridge Fund's Huatai-PineBridge CSI 300 ETF is among Baosteel's top ten shareholders and reduced its holdings in the second quarter of this year [1] Group 2 - The year-to-date return for the Huatai-PineBridge CSI 300 ETF is 6.83%, ranking 2194 out of 3294 in its category [2] - The fund's performance over various periods shows a weekly increase of 1.31%, a monthly increase of 3.15%, and a quarterly increase of 8.94% [2] - Comparatively, the average return for similar funds this year is 11.73%, indicating that Huatai-PineBridge CSI 300 ETF is underperforming relative to its peers [2] Group 3 - Liu Jun is the fund manager of the Huatai-PineBridge CSI 300 ETF, with a career spanning over 16 years in the fund management industry [3][4] - Liu has held various positions within Huatai-PineBridge Fund Management Co., Ltd., including roles as a director and manager for multiple ETFs [3][4] - The total assets under management for Huatai-PineBridge Fund Management Co., Ltd. amount to approximately 466.98 billion RMB, with a cumulative return of 147.41% [4]

Core Insights - The Yancheng Economic and Technological Development Zone has established a high-quality Phase I Industrial Investment Mother Fund with a total investment of 1 billion yuan [1][2] - The fund will engage in private equity investment, investment management, and asset management activities [1][2] Group 1: Fund Structure - The fund is a limited partnership enterprise, registered in Jiangsu Province, Yancheng City [2] - The fund's operational partner is Jiangsu Yueda Private Equity Fund Management Co., Ltd. [2] - The fund's business scope includes private equity investment and asset management, subject to regulatory approval [2] Group 2: Investment Contributions - Yueda Capital Co., Ltd. contributes 295 million yuan, holding a 29.5% stake in the fund [2] - Yancheng Oriental Investment Development Group Co., Ltd. contributes 250 million yuan, holding a 25% stake [2] - Jiangsu Century New City Investment Holding Group Co., Ltd. contributes 150 million yuan, holding a 15% stake [2]

宝盈祥明一年定开混合A/C成立于2020年6月11日，截至2025年8月8日，其今年来收益率为 0.09%、-0.15%，成立来收益率为6.70%、4.51%，累计净值为1.0670元、1.0451元。 | 基金名称 | 宝盈祥明一年定期开放混合型证券投资基金 | | --- | --- | | 基金同称 | 宝盈祥明一年定开混合 | | 基金主代码 | 009419 | | 基金管理人名称 | 宝盈基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 | | 基金经理变更类型 | 增聘基金经理 | | 新任基金经理姓名 | 卢贤海 | | 共同管理本基金的其他基金 | 程逸飞 | | 经理姓名 | | 中国经济网北京8月11日讯近日，宝盈基金公告，宝盈祥明一年定开混合增聘卢贤海。 卢贤海2015年7月至2017年9月在招商财富资产管理有限公司从事宏观研究工作；2017年10月加入宝盈基 金管理有限公司，先后担任固定收益部研究员、投资经理、固收基金经理，权益基金经理助理，现任基 金经理。 ...

Group 1 - The core point of the article is that Minsheng Jia Yin Fund Management Co., Ltd. announced an adjustment in the valuation method for its funds, specifically for the stock of China Shenhua Energy Company Limited, effective from August 7, 2025 [1] - The company will use the "index income method" for valuing the stock until it resumes trading and shows active market trading characteristics, at which point it will revert to market price valuation without further announcement [1] - As of the second quarter of 2025, Minsheng Jia Yin only holds 189,600 shares of China Shenhua through its Minsheng Jia Yin CSI Mainland Resource Theme Index Securities Investment Fund A [1]

Core Viewpoint - Southern Fund expresses confidence in the long-term healthy and stable development of China's capital market by investing its proprietary funds into various equity funds [1] Investment Details - Southern Fund Management Co., Ltd. has recently invested a total of no less than 230 million yuan into the following equity funds: - Southern CSI A500 ETF Linked A (code 022434) - Southern S&P China A-Share Large Cap Dividend Low Volatility 50 ETF Linked A (code 008163) - Cash Flow ETF Southern (code 159232) [1] - The company commits to holding these investments for at least one year [1]

Core Viewpoint - The A-share market is experiencing a resurgence, particularly in the technology growth sector, driven by supportive policies for technological innovation and increased capital inflow [1][2] Group 1: Market Performance - The ChiNext Composite Index (科创综指) has a high market capitalization coverage of 97%, including various types of securities across 16 first-level and 44 second-level industries, reflecting significant representation of the technology sector [1] - Since its base date on December 31, 2019, the ChiNext Composite Index has achieved a cumulative increase of 32.87%, outperforming major indices like the ChiNext Index (30.06%) and CSI 300 (-0.15%) [2][3] - The index has shown a remarkable rebound of 74.52% since September 24, 2024, indicating strong potential for high-elasticity investors [2] Group 2: Growth Potential - The index focuses on high R&D investment and growth-oriented companies, with 42% of its constituents classified as "little giant" enterprises and 86% from strategic emerging industries [2] - R&D expenses for ChiNext companies are projected to account for 11% of total revenue by the end of 2024, with R&D personnel making up 26% of the workforce, significantly higher than the overall A-share market [2] Group 3: Investment Opportunities - Longcheng Fund is launching the Longcheng SSE Sci-Tech Innovation Board Composite Index Fund on August 13, providing investors with a convenient tool to access the entire industry chain of the Sci-Tech Innovation Board [1] - The fund aims to cater to investors looking to allocate resources into "hardcore assets" within the technology sector, amidst favorable policies and rapid industry development [2]

Core Viewpoint - The market is currently at a high stage, entering a "pressure above, support below" oscillation range, where the convenience of "T+0" trading for cross-border ETFs is highlighted, allowing investors to maintain positions without missing opportunities during upward trends and to stop losses on sudden downward movements [1] T+0 Settlement System - The "T+0" settlement system allows for the clearing and delivery of securities and funds on the same day of the transaction, contrasting with China's "T+1" system, which completes this process on the second working day after the transaction [3] - Certain exceptions exist for cross-border ETFs, commodity ETFs, and credit bond ETFs that can utilize the "T+0" mechanism [3] Advantages of T+0 Trading - T+0 trading helps investors seize intraday trading opportunities, making it particularly attractive for volatile stock ETFs [4] - Although A-shares do not allow T+0 trading, markets like Hong Kong do, providing flexibility for investors [4] Trading Advantages of Hong Kong T+0 ETFs - T+0 trading in the Hong Kong market, especially in the technology sector, allows investors to capture intraday trading opportunities and respond flexibly to rapid market changes without limits on trading frequency [7] - The T+0 mechanism enables investors to rotate between sectors within the same trading day, as different sectors may show significant performance divergence [8] - T+0 trading helps avoid overnight holding risks, allowing investors to quickly sell off positions in response to sudden negative events, given the absence of price limits in the Hong Kong market [8] Specific ETF Examples - The Hang Seng Technology Index ETF (513180) is highlighted as a leading product in terms of scale and average daily trading volume among A-share ETFs tracking the Hang Seng Technology Index [10]